红利国企ETF（510720）收红，机构称防御属性凸显配置价值

Core Viewpoint - The dividend-focused sector is currently attractive due to its dividend yield and defensive positioning, especially in the context of fluctuating interest rate expectations from the Federal Reserve and a generally low market sentiment [1] Group 1: Market Conditions - The dividend sector is gaining favor among investors as a defensive theme amid expectations of interest rate cuts by the Federal Reserve and a subdued market atmosphere [1] - Global liquidity tightening may increase outflow pressure on emerging markets, but domestic liquidity remains ample, supported by the central bank's reverse repos [1] Group 2: ETF and Index Details - The Hongli State-Owned Enterprise ETF (510720) tracks the Hongli Index (000151), which selects high-dividend stocks from the Shanghai and Shenzhen markets [1] - The index primarily includes traditional sectors such as finance, energy, and industrials, reflecting the overall performance of listed companies characterized by "low valuation and high dividend" [1] - The index tends to include securities that have a history of continuous dividends and high dividend yields, demonstrating strong downside protection and potential for stable long-term returns [1] Group 3: Future Outlook - In the medium to long term, if the Federal Reserve's policy shifts or geopolitical risks escalate, the allocation advantages of the dividend sector may become more pronounced [1]